In an unknown move, the infighting between Connaught Plaza Restaurants (CPRL), the 50:50 local joint venture between Vikram Bakshi and the US-headquartered McDonald’s that operates the fast food chain in north and east India, and the global burger giant took an ugly turn with the CPRL board deciding to shut down 43 out of 55 restaurants in Delhi from Thursday.
Vikram Bakshi the former managing director of CPRL, which operates 168 restaurants said,”It’s unfortunate, but operation of 43 restaurants operated by CPRL has been temporarily suspended,”
#3 No Friendly Relation
This decision of shutting down the outlets has been taken in the CPRL board meeting. CPRL, which stands for Connaught Plaza Restaurants Pvt Ltd, presently runs 168 hotels all over the country. It also ran many McDonald’s outlets in north India and eastern part of the country.
CPRL is a joint risk of McDonald’s and Vikram Bakshi, but the relations are not friendly between them since 2013.
when Vikram Bakshi was removed from the post of managing director and McDonald’s went to London Court of International Arbitration against Bakshi. A former MD of CPRL said, “It’s unfortunate, but operation of 43 restaurants operated by CPRL has been temporarily suspended.”
#2 CPRL failed
There are 55 McDonald’s outlets in Delhi out of which 43 will be closed. CPRL has not spoken as to why the outlets are getting closed down but our source revealed,